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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALPINE CORP 5% 02/01/31</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MURPHY OIL USA  3.75% 02/15/31</name>
        <lei>N/A</lei>
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          <isin value="US626738AF53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>1011778 BC / N 3.875% 01/15/28</name>
        <lei>N/A</lei>
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        <cusip>68245XAH2</cusip>
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          <isin value="US68245XAH26"/>
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        <balance>297000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285486.14000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PILGRIM'S PRIDE  3.5% 03/01/32</name>
        <lei>N/A</lei>
        <title>PILGRIM'S PRIDE CORP REGD 3.50000000</title>
        <cusip>72147KAH1</cusip>
        <identifiers>
          <isin value="US72147KAH14"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CENTRAL GARDEN 4.125% 10/15/30</name>
        <lei>5493004DVZLD37DJ0H83</lei>
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        <cusip>153527AN6</cusip>
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        <balance>93000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85291.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PILGRIM'S PRIDE 6.25% 07/01/33</name>
        <lei>N/A</lei>
        <title>PILGRIM'S PRIDE CORP REGD 6.25000000</title>
        <cusip>72147KAK4</cusip>
        <identifiers>
          <isin value="US72147KAK43"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192910.60000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AES CORP/THE V/R 07/15/55</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
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        <cusip>00130HCL7</cusip>
        <identifiers>
          <isin value="US00130HCL78"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88833.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
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      <invstOrSec>
        <name>TREEHOUSE FOODS IN 4% 09/01/28</name>
        <lei>5493007M7EVHE470Q576</lei>
        <title>TREEHOUSE FOODS INC REGD 4.00000000</title>
        <cusip>89469AAD6</cusip>
        <identifiers>
          <isin value="US89469AAD63"/>
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        <balance>98000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88030.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>ALBERTSONS COS 4.625% 01/15/27</name>
        <lei>N/A</lei>
        <title>ALBERTSONS COS/SAFEWAY REGD 144A P/P 4.62500000</title>
        <cusip>013092AC5</cusip>
        <identifiers>
          <isin value="US013092AC57"/>
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        <balance>258000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255344.79000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>TERRAFORM POWER OP 5% 01/31/28</name>
        <lei>N/A</lei>
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          <isin value="US88104LAE39"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEWELL BRANDS INC 7% 04/01/46</name>
        <lei>549300LWGYFM1TVO1Z12</lei>
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        <cusip>651229AY2</cusip>
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          <isin value="US651229AY21"/>
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        <name>VISTRA OPERATI 5.625% 02/15/27</name>
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          <isin value="US92840VAB80"/>
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        <name>KEHE DIST/FIN / NE 9% 02/15/29</name>
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        <cusip>487526AC9</cusip>
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          <isin value="US487526AC91"/>
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        <name>CD&amp;R SMOKEY / RA 9.5% 10/15/29</name>
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          <isin value="US12515KAA60"/>
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      <invstOrSec>
        <name>US FOODS INC 4.625% 06/01/30</name>
        <lei>N/A</lei>
        <title>US FOODS INC REGD 144A P/P 4.62500000</title>
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          <isin value="US90290MAE12"/>
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        <valUSD>88684.46000000</valUSD>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <name>ALGONQUIN PWR &amp; U V/R 01/18/82</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>ALGONQUIN PWR &amp; UTILITY REGD V/R 4.75000000</title>
        <cusip>015857AH8</cusip>
        <identifiers>
          <isin value="US015857AH86"/>
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        <balance>142000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133410.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <cusip>931427AC2</cusip>
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        <name>EG GLOBAL FINANCE 12% 11/30/28</name>
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        <name>C&amp;S GROUP ENTERPRI 5% 12/15/28</name>
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        <lei>2TH9E0JTOUXOEGI2R879</lei>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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          <isin value="US05508WAB19"/>
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          <isin value="US030981AJ33"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NRG ENERGY INC 6% 02/01/33</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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      <invstOrSec>
        <name>NEWELL BRANDS  6.375% 09/15/27</name>
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        <identifiers>
          <isin value="US651229BC91"/>
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      <invstOrSec>
        <name>NRG ENERGY INC 5.25% 06/15/29</name>
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      <invstOrSec>
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        <name>PG&amp;E CORP V/R 03/15/55</name>
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        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>INGLES MARKETS INC 4% 06/15/31</name>
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        <lei>8YQ2GSDWYZXO2EDN3511</lei>
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        <cusip>69331CAJ7</cusip>
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        <lei>2TH9E0JTOUXOEGI2R879</lei>
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        <cusip>810186AX4</cusip>
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        <name>WALGREENS BOOTS  4.1% 04/15/50</name>
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      <invstOrSec>
        <name>CLEARWAY ENERGY 3.75% 01/15/32</name>
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      <invstOrSec>
        <name>CENTRAL GARDEN 4.125% 04/30/31</name>
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      <invstOrSec>
        <name>DARLING INGREDI 5.25% 04/15/27</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
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      <invstOrSec>
        <name>HLF FIN SARL L 4.875% 06/01/29</name>
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          <isin value="US40390DAC92"/>
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      <invstOrSec>
        <name>NRG ENERGY INC 3.375% 02/15/29</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
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          <isin value="US629377CQ33"/>
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      <invstOrSec>
        <name>VIKING BAKED G 8.625% 11/01/31</name>
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          <isin value="US92676AAA51"/>
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      <invstOrSec>
        <name>HLF FIN SARL L 12.25% 04/15/29</name>
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        <name>VISTRA OPERATI 4.375% 05/01/29</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US92840VAH50"/>
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        <name>XPLR INFRAST OP 7.25% 01/15/29</name>
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      <invstOrSec>
        <name>EMERA INC V/R 06/15/76</name>
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        <name>BLOOMIN' BRAND 5.125% 04/15/29</name>
        <lei>N/A</lei>
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        <name>POST HOLDINGS IN 4.5% 09/15/31</name>
        <lei>JM1I5YUAURL6DC8N1468</lei>
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        <name>ENERGIZER HOLDI 4.75% 06/15/28</name>
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        <lei>5E2UPK5SW04M13XY7I38</lei>
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      <invstOrSec>
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        <name>ACCO BRANDS COR 4.25% 03/15/29</name>
        <lei>JCT8P4Y190IH4I1NX328</lei>
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        <cusip>00081TAK4</cusip>
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        <name>CLEARWAY ENERGY 3.75% 02/15/31</name>
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        <name>PERFORMANCE FO 6.125% 09/15/32</name>
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        <name>ELECTRICITE DE FRAN V/R /PERP/</name>
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        <lei>JM1I5YUAURL6DC8N1468</lei>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>VISTRA OPERATIO 7.75% 10/15/31</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PAPA JOHN'S IN 3.875% 09/15/29</name>
        <lei>HZYLD3DK5XOX0WBVNB56</lei>
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        <cusip>698813AA0</cusip>
        <identifiers>
          <isin value="US698813AA06"/>
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      <invstOrSec>
        <name>TRANSALTA CORP 6.5% 03/15/40</name>
        <lei>984500EE2ADD850F1C96</lei>
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        <cusip>89346DAE7</cusip>
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          <isin value="US89346DAE76"/>
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        <curCd>USD</curCd>
        <valUSD>55356.73000000</valUSD>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WALGREENS BOOT 8.125% 08/15/29</name>
        <lei>549300RPTUOIXG4LIH86</lei>
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        <cusip>931427AW8</cusip>
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          <isin value="US931427AW86"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>EDGEWELL PERSONA 5.5% 06/01/28</name>
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          <isin value="US28035QAA04"/>
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        <name>CONTOURGLOBAL P 6.75% 02/28/30</name>
        <lei>N/A</lei>
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        <cusip>21220LAB9</cusip>
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          <isin value="US21220LAB99"/>
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        <curCd>USD</curCd>
        <valUSD>101316.21000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTRAL GARDEN 5.125% 02/01/28</name>
        <lei>5493004DVZLD37DJ0H83</lei>
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        <cusip>153527AM8</cusip>
        <identifiers>
          <isin value="US153527AM88"/>
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        <balance>55000.00000000</balance>
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        <valUSD>54428.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CALPINE CORP 4.5% 02/15/28</name>
        <lei>N/A</lei>
        <title>CALPINE CORP REGD 144A P/P 4.50000000</title>
        <cusip>131347CM6</cusip>
        <identifiers>
          <isin value="US131347CM64"/>
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        <balance>246000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ATLANTICA SUST 4.125% 06/15/28</name>
        <lei>549300ITBBGKJ651R879</lei>
        <title>ATLANTICA SUSTAIN INFRA REGD 144A P/P 4.12500000</title>
        <cusip>04916WAA2</cusip>
        <identifiers>
          <isin value="US04916WAA27"/>
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        <balance>77000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73213.02000000</valUSD>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PRIMO / TRITON  6.25% 04/01/29</name>
        <lei>N/A</lei>
        <title>PRIMO / TRITON WATER HLD REGD 144A P/P 6.25000000</title>
        <cusip>74168RAC7</cusip>
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          <isin value="US74168RAC79"/>
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        <name>DPL INC 4.35% 04/15/29</name>
        <lei>N/A</lei>
        <title>DPL INC REGD SER WI 4.35000000</title>
        <cusip>233293AQ2</cusip>
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          <isin value="US233293AQ29"/>
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        <balance>77000.00000000</balance>
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        <name>VISTRA OPERATI 6.875% 04/15/32</name>
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        <cusip>92840VAR3</cusip>
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          <isin value="US92840VAR33"/>
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          <isin value="US70339PAA75"/>
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        <name>US FOODS INC 6.875% 09/15/28</name>
        <lei>N/A</lei>
        <title>US FOODS INC REGD 144A P/P 6.87500000</title>
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          <isin value="US90290MAG69"/>
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        <name>KRONOS ACQUISI 10.75% 06/30/32</name>
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      <invstOrSec>
        <name>AMERIGAS PART/F 5.75% 05/20/27</name>
        <lei>N/A</lei>
        <title>AMERIGAS PART/FIN CORP REGD 5.75000000</title>
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          <isin value="US030981AL88"/>
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        <balance>98000.00000000</balance>
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        <valUSD>93784.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>FERRELLGAS LP/ 5.375% 04/01/26</name>
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      <invstOrSec>
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    <signature>
      <ncom:dateSigned>2025-05-30</ncom:dateSigned>
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      <ncom:signature>Tony Kelly</ncom:signature>
      <ncom:signerName>Tony Kelly</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
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  </formData>
</edgarSubmission>
